The relationship between Marginal Product (MP) and Average Product (AP) is such that they are...
ECONOMICS
WAEC 2009
The relationship between Marginal Product (MP) and Average Product (AP) is such that they are equal when
- A. average product is maximum
- B. Average product is minimum
- C. Marginal Product is maximum
- D. Marginal Product is increasing
Correct Answer: D. Marginal Product is increasing
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